For the first time, Fed officials have offered an account that differs significantly from the versions that, for many, have hardened into history.» Read More
Bank of America Corp. fell$. 01 or. 1 percent, to $17.00. Citigroup Inc. fell$. 20 or. 4 percent, to $51.85. Goldman Sachs fell$. 78 or. 4 percent, to $183.05.
Sept 30- Rupert Murdoch's News Corp said it would buy Move Inc, the owner of property websites such as realtor.com, for about $950 million to expand its digital marketing business. Australian real estate website REA Group Ltd, which is 61.6 percent owned by News Corp, will take a 20 percent stake in Move for about $200 million, News Corp said.
*Alibaba leads way with record share listing. LONDON/ HONG KONG, Sept 30- Global equity capital markets returned with a vengeance in 2014 as bankers, investors and companies led a charge that culminated spectacularly in Alibaba, the biggest share listing ever.
Bank of America Corp. fell$. 02 or. 1 percent, to $17.01. Citigroup Inc. fell$. 44 or. 8 percent, to $52.05. Goldman Sachs fell $1.29 or. 7 percent, to $183.83.
*Allianz not planning closer Pimco oversight. FRANKFURT/ NEW YORK, Sept 29- Top executives of Pimco and its German parent, Allianz SE, scrambled on Monday to stem the outflow of money after the stunning exit of star bond manager Bill Gross last week, but even after months of internal strife Allianz said it plans to let Pimco continue to steer its own ship.
Bank of America Corp. fell$. 05 or. 3 percent, to $16.99. Citigroup Inc. fell$. 39 or. 7 percent, to $52.10. Goldman Sachs fell $1.55 or. 8 percent, to $183.57.
WASHINGTON, Sept 29- The U.S. Supreme Court on Monday had a change of heart and dismissed a case it had previously agreed to hear on whether class action claims against underwriters of securities issued by a unit of the now-defunct IndyMac Bancorp Inc should be able to proceed.
*HSBC, Standard Chartered fall as Hong Kong unrest hits markets. LONDON, Sept 29- HSBC, LVMH and other companies exposed to Hong Kong underperformed a broader drop in European stock markets on Monday as civil unrest in the Asian city continued.
Bank of America Corp. fell$. 06 or. 4 percent, to $16.97. Citigroup Inc. fell$. 75 or 1.4 percent, to $51.74. US Bank fell$. 12 or. 3 percent, to $41.75.
DUBAI, Sept 29- Dubai's Emaar Properties has priced the initial share sale of its malls business at the top end of the proposed range, marking another milestone in the return of investor confidence in the Gulf Arab state after the financial crisis.
Bank of America Corp was recently questioned by U.S. regulators about the potential legal and reputational risks from the maneuver, the newspaper said, citing a spokesman for the Federal Reserve Bank of Richmond.
DUBAI, Sept 29- Dubai's Emaar Properties confirmed on Monday that the initial sale of shares in its malls unit priced at the top of the proposed range amid massive demand from investors, making it the largest stock offer in a Gulf Arab economy since 2008..
Hong Kong police fired volleys of tear gas on Sunday to try to disperse protesters who have launched what they term a "new era" of civil disobedience to pressure Beijing into granting full democracy for the former British colony.
NEW YORK, Sept 26- U.S. medical device maker Medtronic Inc is likely to try to renegotiate the structure and terms of its $42.9 billion deal to buy Ireland's Covidien Plc in response to new U.S. tax rules, according to people familiar with the situation.
Bank of America Corp. rose$. 07 or. 4 percent, to $16.92. Citigroup Inc. rose$. 26 or. 5 percent, to $52.22. Goldman Sachs rose$. 10 or. 1 percent, to $184.19.
From $1.27 on Friday, predictions by some of the currency market's top 10 banks including Goldman Sachs, Barclays and Morgan Stanley point to the first retreat for the euro to parity or near-parity with the dollar in more than a decade.
Bank of America Corp. rose$. 11 or. 7 percent, to $16.96. Citigroup Inc. rose$. 32 or. 6 percent, to $52.28. Goldman Sachs rose$. 62 or. 3 percent, to $184.71.
NEW YORK, Sept 26- U.S. stock investors, despite finding few areas of the market that appear cheap with indexes near records, appear reluctant to jump into what could be the biggest bargain out there. Bank of America, Citigroup and JPMorgan Chase all have NIMs below the industry medium of 3.6 percent.
MELBOURNE, Sept 26- London copper steadied near three-month lows on Friday but was set to chalk up a weekly loss as worries over demand growth in top consumer China weighed on prices.
Bank of America Corp. fell$. 33 or 1.9 percent, to $16.85. Citigroup Inc. fell $1.30 or 2.4 percent, to $51.96. Goldman Sachs fell $3.72 or 2.0 percent, to $184.09.